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EUR/GBP Technical Analysis: Seems poised to reclaim 0.90 handle ahead of UK macro data

   •  The cross built on Friday's bullish breakthrough the 0.8925-30 heavy supply zone and jumped to 2-1/2 month tops on the first trading day of a new week. 

   •  Technical indicators on the daily chart maintain their bullish bias and support prospects for additional gains towards reclaiming the key 0.90 psychological mark.

   •  However, oscillators on hourly charts are already pointing to slightly overbought conditions and thus, warrant some caution ahead of today's UK macro data. 

   •  Nevertheless, the set-up clearly points to an extension of the near-term positive momentum and dip-buying interest should limit any meaningful retracement.
 

EUR/GBP daily chart

EUR/GBP

Overview:
    Today Last Price: 0.8979
    Today Daily change: 24 pips
    Today Daily change %: 0.268%
    Today Daily Open: 0.8955
Trends:
    Previous Daily SMA20: 0.8865
    Previous Daily SMA50: 0.883
    Previous Daily SMA100: 0.8887
    Previous Daily SMA200: 0.8839
Levels:
    Previous Daily High: 0.897
    Previous Daily Low: 0.8888
    Previous Weekly High: 0.897
    Previous Weekly Low: 0.8863
    Previous Monthly High: 0.8932
    Previous Monthly Low: 0.8656
    Previous Daily Fibonacci 38.2%: 0.8939
    Previous Daily Fibonacci 61.8%: 0.892
    Previous Daily Pivot Point S1: 0.8906
    Previous Daily Pivot Point S2: 0.8856
    Previous Daily Pivot Point S3: 0.8823
    Previous Daily Pivot Point R1: 0.8988
    Previous Daily Pivot Point R2: 0.902
    Previous Daily Pivot Point R3: 0.907

 

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